True or false?

1. A weighted average assigns equal importance to all periods of data.

2. Because it is impossible to predict demand accurately, every business can fill 100% of its orders daily without incurring the risk of overstocking

3. We achieve greater understanding of demand and supply across the company measuring stock-out.

4. A companys value stream is best understood as the sequence of activities required to design, produce, and provide a good or service, and along which information, materials, and workflow.

5. An objective of lean operations is the increase of inventory to the lowest possible levels: the continuous commitment to finding ways to reduce inventory, not just in the obvious places such as warehouses, but in other places where inventory can hide, such as on a firms plant floor, on carousels, on conveyors, or in transit.

6. A well-managed inventory system will enable a company to shorten the order-fulfillment lead time, which in turn, will improve the companys cash flow cycle, which is the movement money into and out of the business.